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Railroad Owner Genesee & Wyoming Is Exploring a Stake Sale

Shares of the Connecticut-based company surge as much as 11%
Early talks have begun with suitors including Brookfield

Genesee & Wyoming Inc. switching locomotives pull a grain train at the Port of Galveston in Galveston, Texas. — Genesee & Wyoming Inc. switching locomotives pull a grain train at the Port of Galveston in Galveston, Texas.
Photographer: Luke Sharrett/Bloomberg

By

Gillian Tan and

March 11, 2019, 5:48 PM UTCUpdated onMarch 11, 2019, 8:40 PM UTC

Genesee & Wyoming Inc., an owner and operator of railroads, is exploring strategic options including the sale of all or part of itself, according to people with knowledge of the matter.

The company is working with a financial adviser and has begun early-stage talks with potential suitors including Brookfield Asset Management Inc. and other infrastructure-investment firms, said the people, who asked not to be identified because the information is private.